GoldMoney (TSX:XAU) Cash And Cash Equivalents : C$14.6 Mil (As of Dec. 2023)

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What is GoldMoney Cash And Cash Equivalents?

GoldMoney's quarterly cash and cash equivalents declined from Jun. 2023 (C$26.00 Mil) to Sep. 2023 (C$21.38 Mil) but then stayed the same from Sep. 2023 (C$21.38 Mil) to Dec. 2023 (C$14.61 Mil).

GoldMoney's annual cash and cash equivalents increased from Mar. 2021 (C$24.07 Mil) to Mar. 2022 (C$26.03 Mil) and increased from Mar. 2022 (C$26.03 Mil) to Mar. 2023 (C$40.07 Mil).

GoldMoney Cash And Cash Equivalents Historical Data

The historical data trend for GoldMoney's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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GoldMoney Cash And Cash Equivalents Chart

GoldMoney Annual Data

Trend

Sep13

Sep14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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20.77

33.54

24.07

26.03

40.07

GoldMoney Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															35.53	40.07	26.00	21.38	14.61

GoldMoney Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

GoldMoney (TSX:XAU) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

GoldMoney Cash And Cash Equivalents Related Terms

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GoldMoney (TSX:XAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GoldMoney Inc (TSX:XAU) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

XAUMF:USA 9BT0:Germany

Address

334 Adelaide Street West, Suite 307, Toronto, ON, CAN, M5V 1R4

Website

https://www.goldmoney.com

GoldMoney Inc is engaged in precious metal focused global business. It operates through subsidiaries and is engaged in precious metal sales to its clients, including arranging delivery and storage of precious metals for its clients, coin retailing, and lending. Goldmoney has a client base in more than a hundred countries and holds precious metal assets. The company's operating subsidiaries include Goldmoney.com and SchiffGold.com. In addition to the company's principal business segments, the company holds a significant interest in Mene Inc., which crafts pure 24-karat gold and platinum investment jewelry that is sold by gram weight. Through these businesses and other investment activities, the firm gains long-term exposure to precious metals.

Executives

Roy Sebag

10% Security Holder, Director, Senior Officer

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